Nissin Foods Holdings Co., Ltd. · TSE:2897
Nissin Foods — Q1 FY3/2024 Earnings Presentation
20 slides from Nissin Foods's earnings presentation, Aug 3, 2023
Slide 1: Financial Results for FY 3/2024 1Q
Financial Results for FY 3/2024 1Q August 3, 2023 NISSIN FOODS HOLDINGS CO., LTD. (TSE Stock Code: 2897) Financial Results Presentation: August 3, 2023
Slide 2: Today's Point
Today’s Point • Point 1: FY 3/2024 1Q Financial Results ➢ Revenue and core operating profit of existing businesses increased by 11.5% and 65.2% year-on-year, respectively ➢ Overseas Business: Profitability Improvement, driven by U.S., is progressing and the ratio of core operating profit of overseas
Slide 3: FY 3/2024 1Q Consolidated Financial Summary
FY 3/2024 1Q Consolidated Financial Summary Institutional accounting basis Constant currency basis Bil. yen YoY change YoY change FY 3/2024 FY 3/2024 1Q 1Q Amount Ratio Amount Ratio Revenue 166.5 + 17.2 + 11.5% 163.2 + 13.9 + 9.3% Core operating profit 22.2 + 8.8 + 65.2% 21.3 + 7.9 + 58.9% of existi
Slide 4: Analysis of Core OP of Existing Businesses
Analysis of Core OP of Existing Businesses Domestic and Overseas : +) Price revisions etc. Domestic (5.6), Overseas (0.6) (Bil.Yen) +13.9 (6.1) Domestic：- ) Increase in raw materials and energy costs, etc. Overseas：- ) Increase in labor costs, etc. YoY Overseas +8.8 bil. yen +5.9 Domestic (5.6) +65.
Slide 5: Financial Summary by Segment
Financial Summary by Segment Revenue of all three businesses increased mainly due to price revisions and robust demand Core operating profit of domestic business turned into increase driven by increase in profit of the non-instant noodles business. Overseas business recorded a significant increase i
Slide 6: Revenue Results by Segment
Revenue Results by Segment Domestic Business and Overseas Business saw Double-Digit revenue growth. Institutional accounting basis Constant currency basis Bil. yen FY 3/2024 YoY change FY 3/2024 YoY change 1Q Amount Ratio 1Q Amount Ratio NISSIN FOOD PRODUCTS 51.4 + 3.7 + 7.7% 51.4 + 3.7 + 7.7% MYOJO
Slide 7: Core OP Results by Segment
Core OP Results by Segment Overseas business, NISSIN YORK, and KOIKE-YA led the overall growth, resulting in 1.6 times increase year-on-year. FY 3/2024 1Q Institutional accounting basis FY 3/2024 1Q Constant currency basis Bil. yen Other Income YoY change YoY change OP and Expenses Core OP Core OP A
Slide 8: Domestic Instant Noodles Business
Domestic Instant Noodles Business Revenue remained strong due to steady demand with continued growth in sales volume from the previous fiscal year. However, profits decreased due to the impact of rising costs for raw materials, packaging materials and energy. Revenue (Bil. Yen) FY 3/2023 FY 3/2024 N
Slide 9: Domestic Non-Instant Noodles Business
Domestic Non-Instant Noodles Business Revenue and profit increased due to contributions from YORK, with strong performance of lactobacillus beverages such as PILKUL MIRACLE CARE and PILKUL 400, and KOIKE-YA, with strong performance from standard products 250.0 Revenue (Bil. Yen) FY 3/2023 FY 3/2024
Slide 10: The Americas
The Americas Revenue and profit increased mainly due to the strengthening of propositions and promotion of high-value-added products for the Americas as well as the impact of price revisions 200.0 Revenue (Bil. Yen) 180.0 FY 3/2023 FY 3/2024 160.0 U.S. : Increased due to strengthening of sales of va
Slide 11: China (incl. H.K.)
China (incl. H.K.) Revenue and profits decreased due to deterioration in macroeconomic environment leading to worsened consumer sentiment 90.0 Revenue (Bil. Yen) 80.0 FY 3/2023 FY 3/2024 70.0 Hong Kong : Decreased due to lower sales volume 60.0 (Forex impact +0.3 Bil. yen) 50.0 Mainland China : Decr
Slide 12: Asia
Asia Revenue and profit Increased in all regions due to price revisions in each country Revenue (Bil. Yen) 30.0 FY 3/2023 FY 3/2024 25.0 By descending order of revenue 20.0 15.0 Thailand ：Increased (Forex impact +0.1 Bil. yen) 10.0 India ：Increased (Forex impact -0.0 Bil. yen) 5.0 Singapore ：Increas
Slide 13: EMEA
EMEA Revenue rose approximately 1.5 times year-on-year in the fast-growing instant noodles market Contribution of Premier Foods profit was 1.0 billion yen 40.0 Revenue (Bil. Yen) 35.0 FY 3/2023 FY 3/2024 30.0 25.0 20.0 15.0 • CUP NOODLES, Soba and Demae Ramen brands performed well 10.0 • Increased m
Slide 14: Appendix
Appendix 13
Slide 15: FY 3/2024 Full-Year Earnings Plan
Disclosed on May 10, 2023 Reprinted materials from "Financial Results for FY 3/2023" FY 3/2024 Full-Year Earnings Plan We aim for revenue to be over 700 billion yen. Core operating profit is projected to increase by 6.3% YoY to 64 billion yen. Profit attributable to owners of the parent should incre
Slide 16: FY 3/2024 Plan by Segment
Disclosed on May 10, 2023 Reprinted materials from "Financial Results for FY 3/2023" FY 3/2024 Plan by Segment Revenue (IFRS) Core Operating Profit (Non-GAAP) Bil. yen FY 3/2024 FY 3/2023 Results FY 3/2024 FY 3/2023 Results Plan Revenue YoY change Plan Core OP YoY change NISSIN FOOD PRODUCTS 231.0 2
Slide 17: Revenue and Volume in the Americas and Overseas (YoY)
Revenue and Volume in the Americas and Overseas (YoY) FY 3/2023 FY 3/2024 4-６月 Apr. - Jun. 7-9月 Jul. - Sep. Oct. - Dec. 1-3月 Jan. - Mar. Apr. - Jun. Revenue Volume Revenue Volume Revenue Volume Revenue Volume Revenue Volume +low-single +low-single +low-single -low-single -high-single U.S. +18% +37%
Slide 18: Price Revisions (Domestic)
Price Revisions (Domestic) The Domestic Instant Noodles Business, YORK, BonChi and KOIKE-YA are scheduled to implement price revisions from June to September. FY 3/2020 ~ FY 3/2021 FY 3/2022 FY 3/2023 FY 3/2024 NISSIN FOOD Business Noodles Instant PRODUCTS MYOJO FOODS Jun. 19 (NISSIN FOOD 4-8%、 Jun.
Slide 19: Price Revisions (Overseas)
Price Revisions (Overseas) Maintain a policy of revising prices as needed in accordance with conditions in each region. FY 3/2020 ~ FY 3/2021 FY 3/2022 FY 3/2023 FY 3/2024 U.S. May (Bag, Cup) Aug. Average 36% Apr. 19 (Bag, Cup) Jan. (Bag, Cup) The Americas (Bag, Cup) Brazil May 20 Nov. 20 Feb. 21 Ju
Slide 20: • These presentation materials are available in PDF format at our official website, under
Company plans, business forecasts, strategies, and other information contained in this document are based on management judgments derived from information available at the time of this publication. Be aware that these are only future projections, and actual results may differ due to various risks an
Nissin Foods Holdings — Q1 FY3/2024 Earnings Presentation on 6ix